BTC

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0027%/8h= +3.0% APRnext payment +$0.27 per $10,000 · paid last 24h +0.011%

Price spread now: MEXC against BingX+0.013%7-day average +0.040% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$17as in the Price arb table

costs, in and out, $10k−$140.140% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.029%+$3 on $10k

Price spread, last 7 days+0.010%+$1 · spread now +0.013%, 7d avg +0.040%

Together, before fees+0.039%+$4 on $10k · with fees, hour by hour

Funding pays, the price is against you. MEXC is 0.027% cheaper against BingX than usual: you would sell low and buy high (spread +0.013% now, against its 7-day average of +0.040%). If the spread goes back, that is −$3 on $10k: about 3.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX BTC-USDC	86,337.1	0.0042	pay 0.0042% / 8h	23m 52s	—	$15.4M	—
Short	MEXC BTC_USDT	86,348.3	0.0069	get 0.0069% / 8h	23m 52s	$5.16B	$5.67B	500x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee MEXCbpOrdersPrice spread, now +0.013%Rate

Funding earned: $5.67
Price spread: +0.013% → +0.040%: −$2.68
Slippage, 4 orders: −$0.05
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 2 bp × 2 orders: −$4
Net: −$11.05
Costs to cover: 0.140%
Break-even: 20.6 days

Slippage from BingX: live order book, 14 min ago; MEXC: live order book, 5 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 14 min ago	0.02 bp	5.0 bp −$5	5.0 bp −$50	6.0 bp −$602	7.4 bp −$3,696
Sell MEXC live order book, 5 min ago	0.01 bp	2.0 bp −$2	2.4 bp −$24	2.6 bp −$255	3.1 bp −$1,526

BTC on 56 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phoenix BTC	−0.0118%	1h	86,430	+0.108%	$2.2M	$11.8M	40x	as long as short
Hotstuff BTC-PERP	−0.0080%	1h	86,369	+0.037%	$9K	$3K	50x	as long as short
Injective BTC/USDC PERP	−0.0035%	1h	86,568	+0.267%	$333K	$26.8M	52x	as long as short
RISEx BTC/USDC	−0.0024%	1h	86,380.6	+0.050%	$8.3M	$42.8M	25x	as long as short
01 Exchange BTCUSD	−0.0016%	1h	86,385.4	+0.056%	$359K	$2.5M	50x	as long as short
Aster BTCUSDT	−0.0001%	8h	86,350.4	+0.015%	$501.0M	$1.15B	200x	as long as short
Perpl BTC	0.0000%	43m	86,385.8	+0.056%	$414K	$22.9M	6.7x	as long as short
gTrade (Gains Network) BTC/USD	L +0.0005% / S −0.0004%	1h	86,369.5	+0.038%	$36.8M	—	200x	as long as short
KuCoin XBTUSDTM	+0.0017%	8h	86,344.7	+0.009%	$849.2M	$715.7M	125x	as long as short
Reya BTCRUSDPERP	+0.0032%	1h	86,348.8	+0.014%	$6.7M	$145.5M	40x	as long as short

Show all 56 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
BingX BTC-USDClong	+0.0042%	8h	86,337.1	long leg	—	$15.4M	—
Deribit BTC-PERPETUAL	+0.0048%	1h	86,379.3	+0.049%	$914.5M	$1.48B	50x	as long as short
Bitget BTCUSDT	+0.0052%	8h	86,327.3	−0.011%	$2.96B	$5.13B	150x	as long as short
Phemex BTCUSDT	+0.0053%	8h	86,346.7	+0.011%	$150.2M	$478.5M	150x	as long as short
dYdX BTC-USD	+0.0062%	1h	86,399.5	+0.072%	$16.9M	$21.2M	50x	as long as short
MEXC BTC_USDTshort	+0.0069%	8h	86,348.3	+0.013%	$5.16B	$5.67B	500x
Binance BTCUSDT	+0.0069%	8h	86,348.2	+0.013%	$9.41B	$24.59B	150x	as long as short
Aevo BTC-PERP	+0.0072%	1h	86,328.2	−0.010%	$2.4M	$1.3M	20x	as long as short
Gate BTC_USDT	+0.0080%	8h	86,351.2	+0.016%	$5.85B	$10.78B	200x	as long as short
SoDEX BTC-USD	+0.0087%	1h	86,336	−0.001%	$60.2M	$338.0M	40x	as long as short
Lighter BTC	+0.0096%	1h	86,340.4	+0.004%	$170.1M	$1.02B	50x	as long as short
Lighter RH BTC	+0.0096%	1h	86,346.2	+0.011%	$23.8M	$152.4M	50x	as long as short
Popdex BTCUSDT	+0.0096%	1h	86,368	+0.036%	$8.4M	$52.4M	100x	as long as short
Bybit BTCUSDT	+0.0097%	8h	86,351.9	+0.017%	$5.25B	$9.81B	150x	as long as short
Katana Perps BTC-USD	+0.0100%	8h	86,356	+0.022%	$199K	$7.1M	50x	as long as short
Paradex BTC-USD-PERP	+0.0100%	8h	86,421.2	+0.097%	$4.8M	$8.5M	50x	as long as short
Nado BTC-PERP	+0.0100%	1h	86,418.9	+0.095%	$22.0M	$234.5M	50x	as long as short
Hyperliquid BTC	+0.0100%	1h	86,414	+0.089%	$3.79B	$5.10B	40x	as long as short
Pacifica BTC	+0.0100%	1h	86,415.4	+0.091%	$41.0M	$529.8M	50x	as long as short
OKX BTC-USDT-SWAP	+0.0100%	8h	86,340.2	+0.004%	$2.55B	$12.72B	100x	as long as short
Ondo Perps BTC-USD.P	+0.0100%	1h	86,395	+0.067%	$3.9M	$18.6M	25x	as long as short
Arcus BTC-USD	+0.0100%	1h	86,416.3	+0.092%	$7.5M	$95.3M	40x	as long as short
Backpack BTC_USDC_PERP	+0.0100%	1h	86,330	−0.008%	$38.0M	$156.2M	75x	as long as short
Variational Omni BTC	+0.0100%	8h	86,405.8	+0.080%	$157.3M	$568.1M	—	as long as short
edgeX BTCUSDC	+0.0100%	4h	86,448.6	+0.129%	$279.2M	$945.2M	100x	as long as short
GRVT BTC_USDT_Perp	+0.0100%	8h	86,418.1	+0.094%	$217.0M	$171.6M	50x	as long as short
ApeX Omni BTCUSDT	+0.0100%	1h	86,461.9	+0.145%	$141.4M	$323.1M	100x	as long as short
StandX BTC-USD	+0.0100%	1h	86,411	+0.086%	$30.6M	$205.3M	40x	as long as short
Vest BTC-PERP	+0.0100%	1h	86,415.6	+0.091%	—	$11.9M	50x	as long as short
Polymarket Perps BTC-USD	+0.0100%	1h	86,355	+0.021%	$11.1M	$13.9M	50x	as long as short
Bullet BTC-USD	+0.0100%	1h	86,354	+0.020%	$189K	$3.3M	20x	as long as short
Orderly PERP_BTC_USDC	+0.0100%	8h	86,340.2	+0.004%	$2.4M	$9.3M	100x	as long as short
Bluefin BTC-PERP	+0.0100%	1h	86,364.8	+0.032%	$140K	$664K	40x	as long as short
Derive BTC-PERP	+0.0100%	1h	86,375.6	+0.045%	$30.5M	$62.6M	15x	as long as short
SunX BTC-USDT	+0.0100%	8h	86,338.1	+0.001%	$3.4M	$5.4M	100x	as long as short
HTX BTC-USDT	+0.0100%	8h	86,329	−0.009%	$2.29B	$969.6M	200x	as long as short
Bulk BTC-USD	+0.0100%	1h	86,464.9	+0.148%	$572.1M	$16.9M	40x	as long as short
Extended BTC-USD	+0.0104%	1h	86,323.9	−0.015%	$45.6M	$227.4M	50x	as long as short
Jupiter Perps WBTC-PERP	L +0.0104% / S +0.0048%	1h	86,436	+0.115%	—	$99.0M	500x	as long as short
Kraken Futures PF_XBTUSD	+0.0110%	1h	86,368.8	+0.037%	$191.6M	$955.5M	100x	as long as short
Coinbase International BTC-PERP-INTX	+0.0112%	1h	86,393.6	+0.065%	$132.3M	$5.64B	50x	as long as short
Aftermath Perps BTCUSD	+0.0150%	1h	86,461.1	+0.144%	$78K	$219K	20x	as long as short
Hibachi BTC/USDT-P	+0.0184%	1h	86,443.5	+0.123%	$727K	$8.0M	30x	as long as short
BloFin BTC-USDT	+0.0189%	8h	86,399.8	+0.073%	$416.8M	$658.1M	150x	as long as short
GMX BTC/USD [WBTC.b-USDC]	L +0.0196% / S −0.0219%	1h	86,364	+0.031%	$15.0M	—	200x	as long as short
Kalshi KXBTCPERP	+0.0206%	8h	86,402	+0.075%	$9.7M	$748.6M	6.4x	as long as short